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and biden want to raise taxes by a trillion dollars, guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the environment. and national independent business owners a rec
and say this is a guy who wants to give tax cuts to the wealthc and to voucherrize medicare. romney will say he is the defender of the middle class. t both sides say this could get heated tonight. >> chris, thank you. >> good evening. >> we go to jim lehrer of pbs moderating this debate. >> i'm jim lehrer and welcome you to the first of the 2012l presidential debates between president barack obama the democratic nominee and former, massachusetts governor mitt romney the republican nominee. this debate and the next three, two presidential, one vice presidential, are sponsored byo the commission on presidential debates. tonight's 90 minutes will be about domestic issues and will follow a format designed by the commission. there will be six roughly 15 minute segments with two minutt answers for are the first question and then open discussion for the remainder o. each segment. o thousands of people offered suggestions on segment subjects or questions via the internet and other means.. but i made the final selections and for the record, they were not submitted for approval tomi the commi
and whether the guy in there gets kicked out and a new guy gets in. you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same time. that is a big story. you know and not worried about it or you don't know and the main stream media left you in the dust. and pat buchan an is paying close attention and we always whistle past the grave yards. they say don't worry about it one of the days it may not happen. thelma and lowis may go over the cliff. >> that was a horrible movie. you say that it is more real and possible than we think. >> i think so. let's take the hypothis that barack obama. tax cuts for the millionaires and billionaires will go up to a million dollars
for tax reform outpaced sarah palin as the most often dropped name at presidential debates. the aforementioned norquist, thorn in side of democrats and republicans. great to have you. >> go to be with you. >> neil: people think the tax issue is those op upper income that will go up. as it stands now, all taxes will go up. from the bottom 10% to 15%. you argue that nothing puts chill in the economy more than that. >> absolutely. we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know
-president saying the middle class is getting buried. >> how they can justify raising taxes on the middle class that is buried for the last four years. >> they are buried by regulation and taxes and borrowing and they are buried by the obama administration's economic failures. >> is the republican vice-presidential nominee right? hello, i am cheryl casone and welcome to cashin! we have wayne and johnathon and tracey and along with lloyd weber. you heard him the middle class getting buried. you agree with that? >> there are so many little taxes that we never paid before. middle class gets slammed by the federal tobacco tax and tax on manufactured drug companies. and any corporate taxes that increased came down to the prucks we purchase and laugh about the tanning tax, but that comes out of the wallets of the middle class . jersey maybe more so. it is money i don't have in the end of the day. >> all right, johnathon, what do you make of this? the last four years middle class and according to mr. biden, that -- >> i reject the notion that it is government's role to help the middle class or any cla
, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of six people in poverty, the proof 32 million on food stamps to 47 million on food stamps the proof of that 50% of college graduates this year can't find work. >> paul: there's little doubt romney's commander performance helped the g.o.p. ticket. the question is, how much? let's ask wall street jou
tax rates, better than $100 billion worth of spending cuts. they all kick in at identically the same time. think about that, as we rifle through this. top rate on capital gain jumping to 20%. dividend taxed at regular income tax rates. child credit, essentially being slashed. return of the married tax penalty. so for everyone involved, everyone getting socked big-time. it could go on and on i'm going to mention this as you are going to see this throughout the show. to get an idea of how much is at stake, who pays for this? i'm telling you, at the rate we stand, everybody will. every single american family will. anyone paying taxes or expecting to pay taxes will pay more in the new year. all the bush tax rate disappear. and unless congress does to coddle together even an extension and soon, it happens at the stroke of midnight january 1. some economists said this is simply going to cost the economy one full percentage point off the gdp. do the math. one full percentage point is roughly what we are growing right now so that could easily turn us back to a recession. you might be asking
cut taxes for the middle class. and in addition to that -- when that occurred, what did romney do? he said, no, let the detroit go bankrupt. we helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend, recently in a speech for washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in federal income tax. they are elderly people living on social security, veterans and people fighting in afghanistan right now who are, quote, not paying any tacks. i have had it up to hear with that notion of 47%. it's about time to take responsibility. instead of signing pledges to grover norquist, not to ask the wealthiest amongitous contribute to bring back the middle class, they should be signing a pledge to the middle class saying, we are going to level the playing field and fif you a fair shot agai
gallon of gasoline in california goes to state and federal taxes that's among the highest in the nation. he will put his life on the line as he attempts a world record jump. he will sky dive from a capsule 33 miles above the planet's surface. he will smash through the sound barrier on the way top speed 690 miles an hour. for an idea of how high this is. consider mt. everest rises 29,000 feet. commercial jets cruise around at 39,000 feet. this guy will be jumping from 120,000 feet. >> really? >> yup. >> that's your 5@5:00. >>> couple minutes after the hour we are exactly 4 weeks away from the presidential election mitt romney delivering a major foreign policy address yesterday making the case against four more years of the saforeign policy. >> doug kelly is live with more. >> good morning. focus turned to foreign policy with governor romney delivering a major address at the virginia military institute offering his severest critique yet of the president leading from behind. >> hope is not a we can't support our friends in the milled east when our words are not backed up by these but spend
's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> chris, wait a minute here. the governor, i mean former governor romney is proposing a 20% cut to income taxes including income taxes for the wealthiest of americans and i believe a 30% cut to corporate income taxes including for people like big oil that are socking all of us at the pump reit now. any economist may debate whether that adds up to $4.9 trillion or add up to 5 trillion dollars but the fact of the matter is in this debate we saw big bird meet the big lie. in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part
are operating without a debt, operating against the debt ceiling ready to hit and now putting in the biggest tax increase in this country's history in a weak economy that is growing at 1.3 percent. people are saying, well, they will get it fixed but it is already having an impact. businesses have already put off hiring. businesses have all right cut off capital spending. it is having an impact right new. there is another irony involved here, the federal reserve board made it clear they are trying to boost the stock market, they are trying to get asset prices higher, so what congress doing? they want to jump the dividend tax rate from 15 percent to 43 percent in the top bracket. this is money that has already been taxed. they want to raise capital gains taxes. this is on top of all the other tax increases that are set in three months. the notion this is going to be fixed is laughable because it is already having an impact. >>neil: here is what is laughable to me if the argument for extending the rates on the upper income for another year is that was not the environment to raise taxes on folks, an
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
was going to cut taxes for wealthy people? >> he's the etch-a-sketch guy. we have to wonder which mitt is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. >> we expect an aggressive debater to show up last night on the debate stage with barack obama. we didn't expect an aggressively dishonest debater to show up. >> sean: perfect strategy, liar, liar, liar, pants on fire, fire, fire. funny, i didn't hear anybody mention anything about the president's record or accomplishments, perhaps because there aren't any. instead he's given us 46 million americans on food stamps. you didn't fix that, mr. president. 17 million more than when you took office. 23 million americans un and underemployed. $6 trillion in new obama debt and have four years to fix the worst economy since the great depression, and it's no longer george w. bush's fault. after looking at the latest polls it appears the truth is beginning to catch up with barack obama. hear with reaction, the author of the "new y
mean he lied through his teeth when he said he's going to cut taxes for wealthy people? >> we recall he's an etch a sketch guy that trance formed himselfs. and we have to wond yir which mitt is going show up f you layout what the president has been talking about of course, you can look good we've expected an aggressive debateor, we didn't expect a dishonest debateor to show up perfect strategy. liar, liar, pants on fire, fire. and 46 million americans on food stamps, 17 million more than when you took office. and there is $6 trillion in new obama debt. and this is no longer george w. bush's fault. here with reaction is paul mugg bestseller, pat gadel. do you know who just lied? author of the study at princeton. >> right. >> and there is -- points out obama took his interpretation of the plan out of context which is -- . >> he lied about what the conclusion was. >> there is i think americans understand telling the truth cut rates across the board by 20% and eliminate deductions and exemptions. and that is where he can keep the rates the same. and i mean, i think the business is how the w
raising taxes in the middle class has been buried the last four years. >> reporter: they may give ryan fodder, analyst note the vice president performs better when the speaking time is limited. >> in debates; particularly, against sarah palin four years ago he was disciplined. i don't think -- i think the republicans will be unwise to count on a biden gaffe. >> reporter: fox learned that the vice president was all over the place in his first debate prep session. that's why david axelrod and other top obama aides took over the debate prep. bottom line, a little rusty after four years of not debating. i'm told by the top democrats he did at least six intensive debate prep sessions. they are confident he is ready tonight, bret. >> bret: okay, ed. thank you. the presidential candidates are taking something of a backseat to their running mate today. and getting ready for their own rematch next week. chief political correspondent carl cameron has that story. >> hello, miami! [ applause ] >> president a rayed suppor -- rallied support in florida. >> centerpiece of governor romney's economic p
in a substantive way, going so far as to reform the tax code, everything you want. do you think that's what's going to happen? >> i think that could happen, regardless who is president because the markets are going to begin to rattle their chains, it will be like a dungeon, say, look. >> why haven't they rattled? >> they're waiting for this to pass. >> anything could happen. >> they look at america as some the stupidest people on earth if they're going to let go over the cliff when you have a mindless sequester of 600 billion on defense, 600 billion with an ax, they're going to say you're dysfunctional and we want more money for our money and inflation kicks up and the guy that gets hurt the worse, the little guy that everybody talks about day and night. >> a funny thing happened on the way to the debate. neither candidate getting a question on that fiscal cliff. and so, if they are talking about it, as a time for taxpayers to start worrying about it? to ben stein, gerri willis and ben stein and charlie gasperino. >> people have to figure 0 this out. 90% of american households here are going to fin
and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of res? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor pre
woodward. and then... >> obama and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. is i can follow all my sports... catch the latest breaking news... keep in touch with friends... follow the financial headlines... find a great restaurant... and with siriusxm i can get weather forecasts... all from here. in my mercedes-benz. [ male announcer ] introducing mbrace2. the most comprehensive cloud-bas telem
the vp de easily lop millions out of work and millions more paying more in taxes. >> andrea: hello. i'm andrea tantaros with bob beckel, eric bolling, dana perino, brian kilmeade. this is "the five." ♪ ♪ >> andrea: so who won the v.p. debate last night? we'll get into that in a minute but there is one thing that nobody is disputing. joe biden had a lot of laughs last night. he was laughing during discussions about libya, iraq, afghanistan, the economy, taxes, and on and on. and on. now here is reaction from some fox all-stars. plus, the president, even opineed about the veep's performance. >> if you heard it on radio, biden won. if you watch it on television, he lost. >> i think he had a strong debate. but was diminished, was diminished by the smirking. he overdid it. >> it was unattractive, rude and i have a feeling it will come across to a lot of people as rude. looked like a cranky old man to some extent debating a polite young man. >> i don't believe i have ever seen a debate in which one participant was an openly disrespectful of the other, as biden was to paul ryan tonight.
it meant getting none of what he wanted. jerry brown tax cut which was a flat tax rate on everyone. no progressivity and replacing all federal taxes with two flat rate taxes it was not revenue neutral and it had a little bit of positive revenue. i supported that all of the way because of the tremendous boon bye getting rid of the income tax and i think it would have been wonderful. we need to compromise on all of the issues but not until we have a good position. i don't want to compromise before we start the discussion. i think -- >> wait until the election. >> and then sit down with your people. you don't give away your fail back position before you start. >> we'll see. thank you very much. >>> and how the rest of the world, thank you. and how the rest of the world is viewing us and this and the back and forth and dismissing all of not that they are q. in great shape themselves. but we are hardly looking like fiscal jack lalanes. can what is happens over there happen over here? don't laugh and don't dismiss or go away. tdd#: 1-800-345-2550 let's talk about that 401(k) you picked u
security? and, yet, was turned down? number two: when asked who would pay more taxes in a second obama term, biden answered people making more than a million dollars or more. totally misleading. the associated press today reports that obama's proposed tax increase reaches individuals making more than $200,000 a year and couples making more than $250,000 a year. and number three, there was biden's defense of the hhs contraception mandate. >> no religious institution, catholic or otherwise, including catholic social services, georgetown hospital, mercy hospital, any hospital, none has to either refer contraception, none has to pay for contraception, none has to be a vehicle to get contraception in any insurance policy they provide. that is a fact. >> laura: false. today the u.s. conference of catholic bishops rebuked the vice president noting that the so-called accommodation, the obama administration promised for catholic hospitals, universities, and other religious charities isn't an accommodation at all. they will all still serve as a vehicle for contraception, abore that face drugs an
of tax cuts giving an additional $500 billion in tax cuts to 120,000 families. and they're holding hostage a middle class tax cut because they say we won't pass and won't continue the middle class tax cut unless you give the tax cut to the super wealthy. it's time they take responsibility. >> do you know what the unemployment rate in scranton is today? >> i sure do. >> 10%. when you came into office it was 8.5% this, is going like this around america. >> that is not how goitsing. >> they talk about the great recession like it fell out of the sky. it came from this man voting to put two wars on a credit card at the same time put a prescription drug benefit on a credit card. a trillion dollar tax cut for very wealthy. >> you're going to cut tax rates and preserve for middle class taxpayer. >> it's not mathematically possible. >> it's been done a couple times. >> never been done. >> ronald reagan. >> middle class got knock ond their heels. the great recession crushed them. they need help now. >> next time you hear them say don't worry about it, we'll get wealthy people to pay their fa
>> eric: that's it for us. >> jamie: shannon? >> my plan is not to raise taxes on anyone. i'm going to reduce taxes for middle-income americans. >> mr. romney wants another $5 trillion in tax cuts that he can't pay for. >> you can't have it both ways. a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince priebus. i want to talk about the unemployment numbers for september, 7.8%, the lowest since president obama has been in office. he said, you can't turn back now, america is moving in the right direction. has he made a case that we are seeing recovery? >> not at all. first of all, we will let the economists argue over the numbers. i know people are
himself and the president this weekend. >> he for instance is going to raise taxes and his vice-president blurted out the truth. they plan on raising them trillion and it is two trillion when you put it together. that is an increase on taxes in maul business and that will mean less jobs. >>> and in the meantime obama campaign continues to hit mitt romney on the idea of being dishonest and nigh add out there saying he was not for a five trillion tax cut he was lying about that as he was when he said the president wants to raise the taxes $4000. obama disputed that that was independent but did not dispute the $4000 figure. and in the meantime president in cleveland making fun of mitt romney. listen to this. >> for all of you moms and kids out there. don't worry, somebody is getting tough on big bird. elmo, you better make a run for it. governor romney is going to let wall street run wild again but bring the hammer down on sesame street? >> and democrats are wondering where that president obama was in the debate on wednesday and people wonder if he will be tough one on one when he
. they are suffering. the president would prefer to raise taxes. the problem with raising taxes, it slows down the rate of growth. i'm not going to raise the taxes on anyone because when the economy is going slow, we are in recession, you shouldn't raise taxes on anyone. my idea is to bring down tacks to get more people working. my priority is putting people back to work in america. >> kim, is that an improvement over the other romney adds we've seen earlier? >> you beach cha. this is how it ties in taxes and jobs and the economy. that was the message that resonated when he was up there on stage with the president and the more he can spread it around the country, the better he does. >> that seems to me to be the winning strategy. particularly if you can put more explanations around the specific policies this will increase jobs. when we come back, the presidential race is tightening in all-important ohio. but that's not the only big's on the ballot. a look at the expensive and increasingly nasty senate show down there next. >> turning now to the bags for control of the unite the states senate. this week
that he lied through his teeth when he said he was going to cut taxes for wealthy people? >> he is the etch-a-sketch guy who has transformed himself and quite frankly, we always have to wonder which mitt romney is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. megyn: joining me now is chris stirewalt, host of "power play." i wanted to get back to january of 2009 when president obama in a common about immigration. joe wilson, shouted out, you lie on the floor of the house. watch this. >> there there are those that claim that our reform efforts would ensure illegal immigrants. this, too, is very false. the reform -- the reforms i am proposing would not apply to those who are here legally. megyn: the president and his supporters back then were outraged that joe wilson chose to resort to name-calling and calling him a liar. because they disagreed with what he was saying about his policies. the leader came out and said we have to get to the point where we can have a
of all mitt romney countering what the obama came pair is saying about his tax proposal. >> i have five boys and i am used to people saying something that is not always true ask keep - and keep on repeating it and hope i believe it >> this was brilliant. first of all by envoking the story of his sons, it brought the sense of connection of mitt romney as a father and he raised kid more like us in that regard. countering the criticisms of mitt romney. that showed a connection and his boys had told him . let's say funny business like every body does to their partner, that said yeah, it must be normal in the romney house. but then the subtle was he was saying, you know, it doesn't matter if you are my son house or president. if you keep telling me something over and over, i am not so crazy as to believe it. it was a powerful moment and yet he did it in a way that everybody smile would and not even realize what a powerful hit he had . and mitt romney responded to obama's criticism that corporate tax breaks would send jobs over access. >> you get's deduction of taking plans over seas. i have
employing violence kills people. and do we really need another tax on employers? also, obama has the single woman vote. romney leads with mothers, but what about the coveted single actress in their 20s, but look like they are in their 40s who publicly brawl with their mother's vote. the answer may surprise you. >> thanks, tom. let's find out if the answer does surprise me. first let's welcome our guests. i am here with columnist and author jedediah bila. it is the philadelphia daily news columnist and host of the tv show "our world" with black enterprise. bill schulz, he thinks he is going to regionals. and sitting next to me and the co-host of the anthony and opie show. >>> so did a toothy grin reveal a man unhinged? joe biden often looked amused and was quick to laugh, but was it a winning smile? after president obama's sleepy performance last week, they applauded the vp forbearing his teeth, his approach to paul ryan. and republicans also found his lecture -- his laughter infectious. i mean, infuriating. she call joe disrespectful and buffoonish. can we roll that? >> i think that was the
times. jack kennedy lowered tax rates. >> oh, now you're jack kennedy. jon: they touched on the biggest issues for americans jobs and the economy. their messages directed at middle class voters. >> can you declare anything off limits? >> mortgage loopholes. higher deductions, from higher income people. >> can you guaranty no one making less than 100,000 have a mortgage deduction impacted? >> this tax as million small businesses. he keeps trying to make you think some movie star, hedge fund guy. >> 97% of the small businesses make less than $250,000 a year. would the no be affected. >> this tax is a million people. a million small businesses. >> does it tax 97% of the american businesses? >> it taxes -- >> foreign policy. >> want to get people out of poverty in the middle class for self-sufficiency. we believe in upward mobility. that is we'll push for in romney administration. >> we saved a million jobs. i never met two guys more down on america across the board. we're told everything is going bad. 5.2 million new jobs, private sector jobs. jon: so, foreign policy also a major theme in
lives they still have great lives. >> they get to buy houses and pay taxes. >> they get to do a lot of things. i am proud of it. i have built a lot of great buildings and had success. i have taken care of a lot of families whether it's education or medical or whatever you want to say. i did work hard and i did build it. >> what does this say about his mentality, though? look at where we are in the ton tr country. >> that came out probably he wished he didn't say it. the truth came out. often times you will see that. >> that was one of the few times he was off prompt ter. oo ee may have been off tell pyrometer. people need to understand that's where he is all about and where he is coming from. >> we are going to spread the wealth around and you didn't build that. here's where you are economically. we have one in 6 americans in poverty. 5 million americans under employed. this staggers my mind. 49 million americans on food stamps right now in this country. the net worth of a person has gone down 40 percent in three years. the average home price gone down 35 percent. >> we owe $17 tril
security age, all of that money in the system in terms of pay roll tax will not come back to you. we are disincenting people to work . we have to raise it and index it to life expectancy going forward. >> i will quote from mitt romney for president website rick, >> i do that all of the time. >> for future generation of seniors mitt believes it should be slowly increased to account for increases for longevity. >> i am congentitally social? they are both right. we do have to raise the age . there is no getting around it. we need to remove the caps. this is the most regressive tax and stopping at $110,000. >> it would be regressive if the raise the caps. >> if you did raise the caps how much of a tax increase would that be? >> i haven't done the math. but i can agree with rick raise it but only in the grand bargain make all taxes at a flat rate. if you had 15, 16 or 18 percent. then yes, remove the cap on social security and everybody would be paying a flat rate. network we are escaping something and maybe for another discussion . but done you think you could hanle your money better tha
the plan by the time we were finished. what were some differences? we didn't raise taxes. have you raised them by $twenty one trillion with obamacare. we cannot didn't cut medicare -- of course, we don't have medicare, by $716 billion. we didn't put into place a board to tell people what treatment they could receive. we didn't do something that a number of people recognize, put people in a position where they are going to lose the insurance that they have and they wanted. right now, the cbo says up to 20 million people will lose insurance as obamacare goes into effect next year. likewise, a study by mckensy and company said 30% of them are anticipating dropping people from coverage. so for those reasons, for the tax, for the medicare, for this board and for people losing their insurance, this is why the american people don't want medicare -- don't want obamacare, it's why republicans said do not do this. the republicans had a plan. they put a plan out. they put a bipartisan plan, it was swept aside. i think something this big, this important, has to be done in a bipartisan baitionz. we ha
you about the mitt romney i know. don't raise taxes on small businesses because they are our job creators. >> vice-president biden. >> incredible. >> look, you both saw benjamin netanyahu hold up that picture of a bomb with the red line i. thank heavens we have the sanctions in place. it is in spite of their opposition. they have given 20 waivers to this sanction. all i have to point to are the results. they're four years closer toward a nuclear weapon. when we see -- look... did they come in and inherit a tough situation, absolutely. but we are going in the wrong direction. slower than last year and last year was slower than the year before. job growth was slower than in august and august was slower than it was in july. >> sean: that was a review of the vice-president's unhinged behavior last night. disturbing as that was, when it came to substance, the results were even worse. we will have a complete fact check in the next segment. but i would be remiss if i didn't include the biggest lie at the top of the program. it involves the administration and what they knew and when they
in on taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign acknowledged that tax cut would not be nearly 5 trillion dollars, it's something that the president repeated in cleveland. >> we put two wars a two tax cuts on a credit card. we didn't pay for them. now, mr. romney wants another 5 trillion dollars in tax cuts that he can't pay for. we're not going to let that happen. we are not going to fall backward, not with so much at stake. >> reporter: governor romney answering in the ad wars, as well. a new ad featuring melanie mack that mara that voted for president obama back in 2008. this time around she says she is going to vote for mitt romney. one of the views from the
then. jamie: well the vice-presidential candidates are hitting each other very hard on taxes. vice president biden claiming the republicans are insisting on new tax cuts for the wealthy. congressman ryan responding with a warning for the middle class. >> if you taxed every person and successful small business making over $200,000 over 100% it would only run the government for 98 days. if everybody who paid income taxes last year including successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul r
the mortgage deduction for middle class people take away ability to get a tax break to send their kids to college. >> he's wrong about that. there are, you can cut tax rates by 20% and still preserve these for middle class taxpayers. it's within done before. and it has never been done before. >> it's been done a couple of times. jack kennedy lowered tax rates and increased growth. >> now you're jack kennedy? >> and that is what most americans care about. and the former chairman of the council of economic advisors. nice to see you, austin. >> thank you, kbreta. >> greta: at the time tel me. were you surprised unemployment rate went down to 7.8%? is that a surprise. >> yes. it was a, if you look at data looks like it was an outlier there is a lot of variables on the numbers and it's bigger than i thought it would be. >> greta: is a number you're confident of? though you're surprised?. >> i would probably say some component of statistics. i won't be surprise fd it ticks up a little bit next month. the survey of people which is what the unemployment rate comes from has a job creation margi
initiative to create connecticut jobs and my tax plan cuts taxes for the middle class, but linda mcmahon's tax plan gives mer a 7 billion dollar tax cut a programs for the middle class and seniors, and linda mcmahon never fought for the middle class. >> chris murphy attacks linda and social security and medicare, but murphy doesn't tell us when he was sued in court for not paying his rent, or paying his mortgage on committee hearings. do you think that murphy is telling the truth now? two facts, on march 2010, murphy vote today cut medicare 716 million dollars and linda mcmab policemened-- >> and pretty cookie cutter, i'm for the middle class and she's for the rich and cut grandma and throw her in the snow banks, who gets the best of the exchange. >> and she's way ahead, and polls her names recognition-- >> the polls are even. >> no in measuring the name recognition, way ahead and people are more familiar with her and helping her and she's also, apart from the negative campaigning about his background, she's also tapping into the economic anxiety in the state. which is significant. and s
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